FORBES · 2026-10-26 10:55 UTC

Elon Musk Stokes Imminent Price Crash Fears—Bitcoin Suddenly Plummets

Bitcoin has declined this week amid concerns about potential $1.5 trillion price crash, though JPMorgan predicted a coming bitcoin boom. Early bitcoin investor Chamath Palihapitiya warned bitcoin could eventually be 'hacked and going to zero,' while Elon Musk predicted 200+ neocloud companies will face 'guppy-level death and consolidation' in 2027 as debt markets tighten. Crypto traders like Arthur Hayes predict a tech industry bailout similar to 2008 could trigger a bitcoin price surge, with forecasts of $150,000 by 2027.

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